Australian Shares

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Macro Morning

By Chris Becker The Brexit saga could not overshadow risk appetite overnight with US stocks finally rebounding after a staid week, helped by a very strong advanced retail sales print and some “easy” Fed speeches possibly putting brakes on an unrelenting rising rate policy.  Pound Sterling was slammed on the Brexit dramas, falling over 300

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Macro Afternoon

Stocks are higher here in Asia despite the mixed mood from overnight, with Chinese equities leading the way. Locally a fall in the unemployment rate sent the Aussie dollar higher while other major currency pairs are gaining ground against USD in the wake of the new Brexit deal. The Shanghai Composite has closed 1.3% higher to 2667 points,

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ASX adds its warning that house prices are going crash

Gotti is onto it: The share markets’ danger signals are telling the Reserve Bank economists to leave their Martin Place bunker and go out into the real world. Go and talk to bank branch people (not CEOs) and learn how APRA rules are cutting bank lending by at least 20 over cent but usually by

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Macro Afternoon

Stocks across the region were mixed today with the local bourse falling nearly 2% on the back of another rout in banks, while the trifecta of Chinese data also proved a little dicey even though on most metrics they were good figures. The oil price and their effect on energy stocks plus the Brexit deal

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Macro Afternoon

Stocks are sharply lower across most of the region in response to the risk off mood overnight with the added concern of a breakdown in Brexit negotiations and the falling oil price adding to the tensions. The PBOC again moved the Yuan closer to the 7 handle in a big move in today’s fix with

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Macro Morning

By Chris Becker A poor start to the trading week for overnight markets with US stocks selling off sharply on the back of tech giant Apple and confounded by falling oil prices that are hurting energy stocks. Brexit negotiations are also fouling up the roost in Europe while the USD is soaring against the major

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Macro Afternoon

It’s been a steady start to the week for equity markets here in Asia following the minor slump on Friday night in the US. Chinese stocks lead the way while Japanese bourses paused again despite a much lower Yen. The USD remains on a high against the major currency pairs while OPEC and other oil

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Macro Morning (Trading Week)

By Chris Becker  A week after a very strong non-farm payroll (NFP) report that then solidified the Federal Reserve’s intentions at the subsequent FOMC meeting to normalise rates has seen some semlbance of stability on equity markets, although Friday night saw a small tumble. The USD is back in town as all the majors correct

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Macro Afternoon

A slew of bad internal data and new policy directions by Chinese authorities – not helped by another big easing in the Yuan fix by the PBOC today – has seen Chinese equity markets selloff to close the week out in a bad note. With no new direction from the Fed overnight, looking set to

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Macro Morning

By Chris Becker The November Federal Reserve meeting came and went with no fanfare, as expectations remain nearly locked in for a rate rise in the December meeting instead. Nevertheless, the USD rallied against most of the majors and gained back some ground, particularly against Euro and Pound Sterling. Stocks were mixed on both sides

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Macro Afternoon

The reaction to the US mid-term elections has been positive for risk markets in Asia, with stocks rising across the board while the USD floundered against the majors. The Kiwi has moved to a three month high while the Aussie is riding high on a wave of USD weakness. The Shanghai Composite is up slightly going into the

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Macro Morning

By Chris Becker As expected, stock markets rallied following the near predictable result of the US mid-terms, although the post close resignation of Attorney General Jeff Sessions hasn’t been absorbed, neither the near insane press conference put on by Trump this morning. But it’s the sugar kick that was to be expected, with US stocks

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Macro Afternoon

The US mid-term elections – or divorce proceedings in other words – have caused a bit of havoc on risk markets here in Asia, with currencies the most volatile. The USD has moved around substantially against both Aussie and Yen while the Kiwi rose significantly on a very good employment report, making tomorrows RBNZ meeting

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Macro Morning

By Chris Becker Trading was thin on the ground overnight as Americans headed to their mid-term elections, with Treasury yields lifting slightly – the 2 year looks set to cross 3% soon – while the USD retreated against everything but Yen. European stocks fell back slightly with oil prices falling sharply again, both Brent and

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Macro Afternoon

It’s  been a mixed session here in Asia with Chinese stocks falling while Japanese markets lifted as Yen waned on a strengthening USD. The other majors are relatively unchanged though leading up to the US mid-term elections which are sure to ramp up volatility across risk markets. The RBA held at its meeting this afternoon

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What will the US mid-terms do to markets?

Via FTAlphaville: Earlier this week, President Trump urged Americans to vote Democrat if they wanted to see the stock market go down. A blue wave that sweeps away Republicans from both the House and the Senate would no doubt impact financial markets, but when it comes to equity returns, the economic backdrop also matters. According to Nomura’s

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Macro Morning

By Chris Becker A mixed night on overseas markets with risk taking somewhat of a holiday in anticipation of the US mid-term elections, with the USD and bond yields falling while stocks kept treading water. The US ISM services print was very encouraging while Brexit negotiations were cooled once again on the Ireland border question.

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Macro Afternoon

It’s been an interesting start to the week here in Asia with minor falls across the board on stock markets, with currencies also moving sharply around on the trifecta of Brexit news, BOJ Kuroda’s press conference and the reaction to Friday night’s non-farm payroll (NFP) report, aka US unemployment. The Shanghai Composite is down over 1%  going

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Macro Morning (Trading Week)

By Chris Becker  A very strong non-farm payroll (NFP) report on US unemployment on Friday night did not help the nascent recovery on equity markets. US markets fell around 1% after gaining more than that on almost every session during the week, with the USD reversing what had been a steep selloff against the major